Pages:

"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Friday, November 2, 2012

Euro heading for permanent state of depression

The euro is heading for a permanent state of depression - Telegraph: "But, though the single currency may have been saved from imminent death on the operating table, it seems now to be heading for a scarcely more appetising alternative – a condition of chronic, long-term illness where still very tight monetary conditions in many parts of the eurozone in combination with lockstep austerity threaten to induce a virtually permanent state of depression. Even Germany shows every sign of slipping back into economic contraction."

Debt crisis: Ireland is 'excellent example' of reforms - live
Telegraph.co.uk
16.30 The incoming Dutch finance minister, Labour MP Jeroen Dijsselbloem, said he would push ahead with budget cuts at home and take a tough line on the euro zone crisis today. He will have his work cut out, with the new coalition government between...
Telegraph.co.uk

New Dutch finance minister promise cuts, tough line on euro zone
Reuters
AMSTERDAM (Reuters) - The incoming Dutch finance minister said on Thursday he would push ahead with budget cuts at home and take a tough line on the euro zone crisis, ensuring policy continuity. Labor MP Jeroen Dijsselbloem warned of tough times ...

Merkel Praises Irish Leader for Progress Against Debt
New York Times
BERLIN — If the euro zone were to have a model bailout student in meeting the demands of international lenders, it would be Ireland, whose prime minister, Enda Kenny, has been named the “European of the Year” by a group of German publishers ...

How Europe's short CDS ban could hit the euro
MarketWatch
FRANKFURT (MarketWatch) — The European Union on Thursday implemented new rules that make it more difficult for traders to bet on government defaults, but could end up merely transferring volatility to other venues, including the euro. The ban ...MarketWatch

Corporate Lending Hits Three-Year Low as Firms Shift to Bonds
Wall Street Journal (blog)
The shift comes as banks continue to shrink their balance sheets to meet stricter capital rules due next year under Basel III guidelines, and as the euro-zone debt crisis prompts investors to switch out of safe but low-yielding government bonds into ...

Richemont and BT boost European stock markets
Reuters
However, other traders remained relatively negative, citing the euro zone's persistent debt crisis. The FTSEurofirst 300 is up nearly 10 percent since late July, when European Central Bank (ECB) chief Mario Draghi pledged fresh measures to protect the ...

European Debt Crisis: Meet the Players
Fox Business
To resolve the crisis, 17 disparate countries united under the euro currency must work together to bring national budgets under control and fix the region's overleveraged banking system. There are just a ... Like the Federal Reserve in the U.S., the ...